18524 RIVERVIEW ST Detroit MI 48219 MLS #20240091987

This classic full-brick bungalow offers 3 bedrooms and 1.5 bathrooms, showcasing timeless architectural appeal. While the property is in distressed condition, it presents an incredible opportunity for the right investor to restore it to its original charm. Features include a fully fenced yard, providing added privacy and outdoor space. This home is ideal for those with a vision to revitalize its potential. Don’t miss this chance to bring new life to this property! Offered by the DLBA, this is your opportunity to make an impact through restoration. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.